PT Jasamarga Related Business
June 24, 2021
Jakarta, (24/6) – In intensifying its new business line, namely Toll Corridor Development (TCD), PT Jasamarga Related Business (JMRB) continues to collaborate with a number of strategic partners. This time, PT JMRB is collaborating with PT Paramount Enterprise Internasional (Paramount Land) to jointly develop property areas in toll road corridors.
PT JMRB President Director Cahyo Satrio Prakoso said the area to be developed with Paramount Land is located in the Jakarta-Tangerang Toll Road corridor.
“The plan is that we will jointly develop the property area in that location. Currently, we are conducting an inventory and discussing further studies,” said Cahyo.
In line with Cahyo, President Director of PT Paramount Enterprise International, Ervan Adi Nugroho explained, “The signing of the Memorandum of Understanding between PT JMRB and Paramount Land is a form of our synergy in developing property in the Jakarta-Tangerang Toll Road area, namely Paramount Petals. ”
Furthermore, he also explained, with rapid urbanization and the increasing need for housing for the community, large-scale residential development is needed. Along with that, the development of the Jakarta-Tangerang Toll Road infrastructure will support connectivity and create traffic for regional development in toll road corridors.
The cooperation between PT JMRB and Paramount Land is stated in a Memorandum of Understanding signed by the President Director of each party, at PT JMRB Head Office, Thursday (24/6).
As a subsidiary of PT Jasa Marga (Persero) Tbk. which is engaged in regional development, PT JMRB continues to conduct regional development studies on potential toll road corridors owned by the Jasa Marga Group. Nearby, PT JMRB will develop TCD Taman Mini Indonesia Indah (TMII), which integrates the Taman Mini LRT Station with business centers such as retail, hotels and recreation.
Meanwhile, Paramount Land is the property arm of PT Paramount Enterprise International, one of the leading property companies in Indonesia. Paramount Land is engaged in urban development, real estate, mixed-use, and commercial properties. After successfully developing Gading Serpong, Paramount Land has created another milestone with the plan to develop a new independent city of ±300 Ha in West Jakarta, namely Paramount Petals.